Bulgaria Watchdog Slaps Fine on Hit Supermarket

Business | September 17, 2009, Thursday // 15:03| Views: | Comments: 0
Bulgaria: Bulgaria Watchdog Slaps Fine on Hit Supermarket HIT was one of six supermarkets to be probed by the Bulgaria's anti-monopoly commission. File photo

Bulgaria's anti-monopoly commission has imposed a fine of BGN 21,000 on HIT supermarket for not cooperating in its probe into six chains to see if they had pressured suppliers to lower prices.

The regulator launched in the middle of May an investigation into Germany's Metro Cash & Carry, HIT, Kaufland, Austria's Billa, Serbia's Piccadilly and Latvia's Maxima.

The probe came following complaints by food suppliers that they have been pressured to accept late payments and cut prices.

No deadline has been set for the probe.

 

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